The Following Table Shows the Distribution of Employees in an Organization

question 106

Multiple Choice

The following table shows the distribution of employees in an organization. Martha Foreman, an analyst, wants to see if race has a bearing on the position a person holds with this company. To test that race and seniority are independent, the null and alternative hypothesis are ________.

• A) H₀: Race and seniority are independent; H_A: Race and seniority are dependent
• B) H₀: Race and seniority are mutually exclusive; H_A: Race and seniority are not mutually exclusive
• C) H₀: Race and seniority are not mutually exclusive; H_A: Race and seniority are mutually exclusive
• D) H₀: Race and seniority are dependent; H_A: Race and seniority are independent

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically reported on the income statement.

Minimum Required Rate Of Return

This term refers to the lowest return that investors expect for an investment, considering the risk involved.

Operating Expenses

Non-production costs incurred by a business in the process of earning revenues, such as selling, general, and administrative expenses.

Average Operating Assets

Average operating assets represent the average value of the assets used in the normal operations of a business within a specific period, often used in calculating return on investment metrics.